Hankhawk

Hank Paulson, Buy-Sider

This problem is far too complicated for anyone to have
a definite answer -- also weither this "bailout" will be
good in the longrun.
I'll be ready to pull the trigger and get out of the market
if things look to be falling apart in the next 1-2 weeks.

I'm letting my gold and energy mutual funds ride this
comfusing period -- I expect them to do OK for the
rest of this year -- but common stocks are on very
shaky territory.

Percentage of Stocks Above 50-Day Moving Averages Shows Market Strength

First of all we're in a recession and there are many negative
things to come public which could change motivation and
action of trends. negatively quickly.
Second, 50 day avg. is much too short of
duration -- I'm more interested in 100 day avg. -- like to
see their figures for that.

I wouldn't be buying on the basis of their charts.

Roger Wiegand: The Biggest Gold, Silver Rally in History

Article had a lot of common sense to it, plus some great predictive
insight. Nothing that I would disagree with. Fundamental things in
the USA are very weak and looking weaker. I agree 2008-09 will
be on the negative side. Gold, silver, energy stocks should do well
and I'm heavy into all 3 areas.

"Reluctant Banks" Let Defaulted Borrowers Stay in Homes

After things settle down with the empty houses, the banks will
have another problem before they can sell the houses again.
Many families are totally destroying the interior of the house
before they leave -- punching holes in walls, pouring paint
on the carpets, etc. These houses will be worth much less for
a long time before the banks spend $1000's more cleaning,
fixing them up before they're on the market again. This
problem will go long into 2009 -10 before it becomes anywhere
decent. FED will lower the rate .75-1.00 in next meeting.

Should Oil Be Trading at $60 or $150?

Since necessity is the mother of inventions, I hope oil goes
to $150 bl. this year. We've paid less than $2.00 for gasoline for many
years while most of the industrialized world was paying $4-$5.00
a gal. The USA got lazy because the supply was too easy to get .
Now, if we have to pay $4-$5 a gal, we'll come up with some wonderful alternatives and improvements -- not only for ourselves, but to benefit the world. If this is the kind of "kick-in-the-butt... we need -- so be it. Let's get moving.

10 Additional Notes on This Market, Aside From Subprime

I also worry about the hedge funds -- they're uncontrolled by any agency or organization
and are not responsible to anybody with authority. There's a huge greed factor in
hedge funds -- promises of great returns and little information about where the investments
are. Investors who buy hedge funds supposedly have big $$$ -- don't really understand
why they're so hungry for risky returns unless it's simply greed. Hedge funds could
hurt the overall markets seriously. I miss the "good old days" when there were relatively few crooked investment scams and many of their operators ended up in jail.

Is This the Beginning of the End for the Market?

I think the Fed is extremely concerned with its image, and will do anything to protect itself -- it doesn't want to be blamed for making the housing/credit problem worse, so it will defiinitely make a rate cut shortly -- so people can't say it didn't
do enough and made things worse by letting the rate stay the same.

Just How Serious Was Thursday's Market Decline?

I'm concerned as to how much hedge fund trades are affectomg the markets. Because
hedge funds are uncontrolled, nobody knows how powerfullly their transactions
affect stock prices at any time. The average investor is at their mercy. Not
a good sign for the future for us.

No Ceiling to This Market

After "this bunch of morons are gone," another bunch of mornons will take over, whether it's
Dem's or Rep's -- won't make any difference. Our politicians and administrators are all in the
same bed together -- I don't see a single one that will make a difference. We'v entered the economic
"black hole" and don't see a way out.

Smoking, Breaking... Hedge Fund News!

Great!! That's what the financial world needs -- another hedge fund. There's no control
over the activities of these financial vehicles -- too much greedy money being made
by big boys so it'll keep growing until a final meltdown happens -- well deserved for
them, but it'll take down the average, honest investors. So be it.

U.S. Gold Corp. Should Gain On Shaky Dollar

I concur with Kelly's approach to the gold market. I think the PM bull market will continue
its rise later this year -- Aug/Sept. I like UXG and will look at it to buy. Right now I"m
into MNG and CDE and they're near bottom prices with a good outlook with UXG. Right
now I'm holding not buyiing -- waiting for a definite bottom for gold and indications that
the rise is beginning. Then I'll buy more PM stocks. 2007 will be a good PM market.

Broad Selloff Hits Utilities and Housing Hardest

I keep reading worse reports of the housing market yet to come -- the subprime impact
is no way near the bottom. The Fed. will definitely not raise interest rates and risk
taking the blame for further housing problems and having some housing stocks go into
bankruptcy. Whatever investments you decide to make, know that interest rates will
not be raised for much of 2007 and into 2008 -- the housing market is in a critical decline.